Vectren 2009 Annual Report Download

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Live Smart
Using Energy Wisely
2009 Annual Report and Form 10-K

Table of contents

  • Page 1
    2009 Annual Report and Form 10-K Live Smart Using Energy Wisely

  • Page 2
    ... glance Vectren Corporation is an energy holding company headquartered in Evansville, Ind. Our nonutility operations provide energy and energy-related services to customers throughout the Midwest, Southeast and East Coast and support our core utility operations of gas and electric services. utility...

  • Page 3
    ...30 $16.17 $29.01 (1) Includes an $11.9 million, or $0.15 per share, after-tax charge related to a ProLiance Energy investment in Liberty Gas Storage, LLC. Basic Earnings Per Share $2.00 Dividends Paid Per Share $1.45 Market Price At Year-End $30.00 $1.89 1.75 1.40 $29.01 28.00 $1.65 $1.65...

  • Page 4
    ... rate, was pivotal in launching our customer energy efficiency programs, collectively known as Conservation Connection, to our Ohio residential and small commercial customers in April. The new programs ended 2009 having provided more than 3,900 rebates and energy saving measures to Ohio customers...

  • Page 5
    ... a request for decoupled rates that will allow us to implement Vectren's energy efficiency programs, collectively known as Conservation Connection, offer incentives, tools and tips to Vectren's nearly one million natural gas customers and soon to its 140,000 electric customers to help them manage...

  • Page 6
    ... electric side of the business this summer to market the non-core programs. Initial offerings will include recycling programs for outdated appliances such as refrigerators, freezers and window air conditioners, as well as incentives for energy efficient new home and commercial building construction...

  • Page 7
    ...Two other key projects came online in 2009 that further exemplify our focus on sustainability. In July, we cut the ribbon on the Blackfoot Clean Energy Facility in southwestern Indiana. This landfill-gas-to-electricity effort, which is Vectren Energy Delivery's first renewable energy plant, provides...

  • Page 8
    ... marketing and expanded resources and capabilities. In addition, Source successfully bid in January 2010 to manage a portion of Ohio natural gas customers through Vectren Energy Delivery of Ohio's (VEDO) standard choice service auction, which is related to VEDO's process of exiting from the business...

  • Page 9
    ...in the ever-changing energy industry and our Live Smart approach to partnering with customers to use energy wisely will help us become stronger during the recession recovery and continue to be one of the Midwest's leading energy companies. Niel C. Ellerbrook Chairman & CEO Vectren Corporation Carl...

  • Page 10
    ... the transformation of the utility regulatory paradigm through the implementation of a new rate structure for Hoosiers and our Ohio customers that fosters energy efficiency and helps customers both lower their bills and conserve precious energy resources. I've watched us invest nearly a half...

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    ... 28 & E $ 5 $ "8 * 28 - " F( ) )G $ 215.1 $ 106.0 $ " 00 9 01$ - 1 " $$* 1 85 " 5 5 0510 $* 1 2009 &$9$0 ) 9 01 1., - 00 < 3 Fair value, beginning of year Unrealized gains related to investments still held at reporting date Purchases, sales and settlements, net Fair value, end of year...

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    $4 ,$%&* ' H8 2$0 < $ 5 - $ 1 *$" $* $5 G - $ "2 $ = 40$8 5 $ "$?1 "$.$ - $5 ()! % " ( !*% "$, " - "08 ,"$ $ 00 . $" 0 "$ ,$5 $* G * 8 - +$2"1 "8 %$ &* *%)&* ' (: ,:)'& & ! &=$ ,) 9)'$, FB$2 )%& + -- 5$" $"$28 5$" - $ ,1" 1 (F W () * , $* ,1" 1 #

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    ...Total Total assets Utility Operating Statistics Gas distribution Operating revenues Margin Average customers (in thousands) Electric Operating revenues Margin Average customers (in thousands) Weather as a percent of normal Heating degree days (Ohio) Cooling degree days (Indiana) 2009 $ 2,088.9 $ 280...

  • Page 125
    ... Peer Group: AGL Resources, ALLETE, Alliant Energy, Atmos Energy, Avista, Black Hills, CenterPoint Energy, CH Energy Group, CMS Energy, Empire District Electric, Integrys Energy, Laclede Group, New Jersey Resources, Nicor, NiSource, Northeast Utilities, Northwest Natural Gas, NorthWestern, NSTAR, NV...

  • Page 126
    ...redd Vice President, Human Resources Steven M. Schein Vice President, Investor Relations Jeffrey W. Whiteside Vice President, External Affairs and Sustainability Other Officers John M. Bohls President, Vectren Enterprises robert E. Heidorn Vice President, VUHI - General Counsel ronald g. Jochum Vice...

  • Page 127
    ...payment date. To enroll in direct deposit, contact Wells Fargo. Dividend reinvestment and optional cash Purchases Registered shareholders of Vectren Corporation can reinvest dividends and purchase additional Vectren stock without having to pay brokerage commissions or service charges through Vectren...

  • Page 128
    ... Help us live Smart. You can make a difference by agreeing to receive future annual meeting material electronically. This service saves on printing and mailing costs and reduces energy and natural resource consumption. Together, we all can make a difference. to elect electronic delivery, please mark...